in Business & Finance

Boeing and Embraer in merger talks

Posted 21 December 2017 · Add Comment

Boeing and Embraer have confirmed they are undergoing talks towards a possible merger. The confirmation follows a report that the two companies were in discussion by the Wall Street Journal.

"There is no guarantee a transaction will result from these discussions. Boeing and Embraer do not intend to make any additional comments regarding these discussions," said a joint statement. Any potential deal will be subject to the approval of the Brazilian government, regulators, both companies' boards and Embraer's shareholders.

According to Flightglobal, any partnership between Embraer and Boeing will allow them to combine forces against the CSeries, which has become the centre of separate trade disputes between Canada and the USA and Brazil respectively. The maker of the CSeries, Canada’s Bombardier had handed over a majority stake in the programme to European manufacturer Airbus. 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Spy wars in the skies over north Africa

Alan Warnes looks at the tense spying game being played out between Morocco and Algeria.

ACJ320neo takes to the skies for the first time

The first ACJ320neo successfully completed a two hour and 40 minute first flight from Hamburg on November 16.

Botswana replaces crashed C212 with second-hand Airbus

The Botswana Defence Force Air Wing has acquired a second-hand Airbus CAS C-212 light turboprop transport aircraft to replace one similar that crashed in 2017.

Aerospace on a roll in Morocco

Morocco’s aeronautical ecosystem continues to grow, integrating new operators and new technologies. Anuradha Deenapanray and Vincent Chappard spoke to Karim Cheikh, the new president of Morocco’s aeronautical and space

A FAANtastic opportunity...

Chukwu Emeke looks at a new open investment plan in Nigeria.

Gainjet Ireland takes delivery of the world’s first EJ-registered aircraft

Celebrating 90 years of the Irish aircraft registry with the Irish Aviation Authority, GainJet Ireland added to the celebrations with its recently acquired Embraer Lineage 1000 EJ-IOBN, being the first aircraft to be registered under

TAA SK1009311218
See us at
AirCargoAFA_BT220318210219AviationAfrica_BT0607280219